Lazard Asset Management LLC Acquires Shares of 852 The St. Joe Company (NYSE:JOE)

Lazard Asset Management LLC bought a new position in The St. Joe Company (NYSE:JOE) during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 852 shares of the financial services provider’s stock, valued at approximately $38,000.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Vanguard Group Inc. boosted its stake in St. Joe by 4.3% in the 4th quarter. Vanguard Group Inc. now owns 6,197,402 shares of the financial services provider’s stock worth $278,449,000 after purchasing an additional 252,906 shares in the last quarter. Geode Capital Management LLC raised its holdings in St. Joe by 0.9% in the fourth quarter. Geode Capital Management LLC now owns 906,668 shares of the financial services provider’s stock worth $40,746,000 after buying an additional 8,031 shares during the last quarter. Horizon Kinetics Asset Management LLC lifted its stake in shares of St. Joe by 7.7% in the fourth quarter. Horizon Kinetics Asset Management LLC now owns 564,202 shares of the financial services provider’s stock worth $25,350,000 after buying an additional 40,354 shares in the last quarter. Northern Trust Corp grew its holdings in shares of St. Joe by 7.4% during the fourth quarter. Northern Trust Corp now owns 434,283 shares of the financial services provider’s stock valued at $19,512,000 after buying an additional 29,918 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. increased its position in shares of St. Joe by 1.9% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 364,559 shares of the financial services provider’s stock valued at $16,380,000 after acquiring an additional 6,904 shares in the last quarter. 86.67% of the stock is currently owned by institutional investors.

St. Joe Price Performance

Shares of NYSE JOE opened at $43.29 on Tuesday. The firm has a market cap of $2.52 billion, a P/E ratio of 36.68 and a beta of 1.37. The St. Joe Company has a twelve month low of $40.19 and a twelve month high of $64.69. The company has a quick ratio of 1.34, a current ratio of 1.34 and a debt-to-equity ratio of 0.85. The company has a 50 day moving average of $44.09 and a 200 day moving average of $46.24.

St. Joe (NYSE:JOE) last posted its earnings results on Wednesday, April 23rd. The financial services provider reported $0.30 EPS for the quarter. The business had revenue of $94.20 million during the quarter. St. Joe had a return on equity of 9.58% and a net margin of 17.76%.

St. Joe Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 26th. Shareholders of record on Tuesday, June 10th will be given a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a yield of 1.29%. The ex-dividend date of this dividend is Tuesday, June 10th. St. Joe’s dividend payout ratio (DPR) is 42.11%.

Insiders Place Their Bets

In other St. Joe news, major shareholder Bruce R. Berkowitz sold 160,300 shares of St. Joe stock in a transaction that occurred on Tuesday, March 18th. The shares were sold at an average price of $47.00, for a total value of $7,534,100.00. Following the completion of the sale, the insider now owns 17,000,724 shares of the company’s stock, valued at approximately $799,034,028. The trade was a 0.93% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In the last 90 days, insiders sold 300,000 shares of company stock valued at $14,113,022. 0.32% of the stock is owned by insiders.

St. Joe Profile

The St. Joe Company, together with its subsidiaries, operates as a real estate development, asset management, and operating company in Northwest Florida. It operates through three segments: Residential, Hospitality, and Commercial. The Residential segment engages in the development of communities into homesites for sale to homebuilders and on a limited basis to retail customers.